# Primis

> Primis Financial Corp. is the publicly traded parent of Primis Bank, combining community banking in Virginia and Maryland with national digital deposits, mortgages, warehouse lending and doctor-focused banking through its Panacea division. Its app-based cash delivery and deposit pickup service, V1BE, transitioned to the Banking Valet name in September 2026.

- **Founded:** 2005
- **Headquarters:** McLean, United States
- **Founders:** Georgia S. Derrico (Co-founder; original CEO of predecessor Sonabank), R. Roderick Porter (Co-founder; original president of predecessor Sonabank)
- **Products:** Banking Valet, formerly V1BE, Personal checking and savings, Business banking and treasury services, Primis Mortgage, Panacea division
- **Notable:** Approximately $4.4 billion in assets and $3.4 billion in deposits at June 30, 2026., Reported $9.4 million net income available to common shareholders for Q2 2026., Reported more than $70 million in new deposit relationships directly resulting from V1BE by Q2 2026.

## Products & services

- **Banking Valet, formerly V1BE** — App-based cash and cashier’s check delivery and deposit pickups for eligible personal and business deposit customers in supported service areas. Announced transition date: September 30, 2026. V1BE launched in 2021.
- **Personal checking and savings** — Consumer deposit accounts with online/mobile access and 24/7 support. Premium Checking currently lists a $10 monthly maintenance fee waived with a $1,000 minimum daily balance; rates are variable.
- **Business banking and treasury services** — Checking, savings, ACH, wires, payment and collection tools, commercial credit and SBA loans. Small Business Checking lists no monthly maintenance fee and 150 included monthly items.
- **Primis Mortgage** — Residential home purchase and refinance lending, including government-backed and other mortgage programs. Primis acquired SeaTrust Mortgage in 2022.
- **Panacea division** — Banking and lending for physicians, dentists, veterinarians and their practices. Distinct from the separately owned Panacea Financial Holdings organization.
- **Mortgage warehouse lending** — Short-term financing for mortgage originators before completed loans are sold.

## Achievements

- Approximately $4.4 billion in assets and $3.4 billion in deposits at June 30, 2026.
- Reported $9.4 million net income available to common shareholders for Q2 2026.
- Reported more than $70 million in new deposit relationships directly resulting from V1BE by Q2 2026.
- Eight 2026 Top Workplaces awards announced in May 2026.

## Latest updates

- **2026-08** — Announced V1BE’s transition to Banking Valet, with a redesigned app, real-time request tracking and a September 30 launch date.
- **2026-07** — Q2 results reported $9.4 million net income available to common shareholders, $421 million in closed mortgage volume and approximately $1.0 billion in digital deposits.
- **2026-05** — Announced eight 2026 Top Workplaces awards.

## Links

- Website: https://primisbank.com/
- LinkedIn: https://www.linkedin.com/company/primisbank/
- Twitter/X: https://twitter.com/primisbank
- YouTube: https://www.youtube.com/@primisbank
- Instagram: https://www.instagram.com/primisbank
- Facebook: https://www.facebook.com/PrimisBank/

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Profile page: https://yespress.io/primis
Published by YesPress — https://yespress.io
Last updated: 2026-10-19